Koç Holding Investor Presentation

2018 Expectations Brent Price Estimation The average Brent crude oil price in 2018 is expected to be 55-60 dollars per barrel. Med Complex Margin We expect Med Complex margins to be between 4.75 - 5.00 dollars per barrel band in 2018. Tüpraş Net Margin Operations Net Tüpraş refinery margin is expected to be in the region of 7,50 - 8,00 dollars per barrel • Full Total Capacity Utilization using imported semi-products such as ASRFO and HVGO • Production: approximately 28.3 million tons • Total sales: 31.0 million tons Investment Investor Presentation www.tupras.com.tr OUTLOOK FOR 2018 Refining investments is expected to be around 250 Million dollars. 43

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